A general view of the opening session of the National People's Congress at the Great Hall of the People in Beijing on March 5, 2023.China set its 2023 economic growth target at around 5%, a target more modest than some had previously projected as the nation’s leadership takes into account a wide range of difficulties besetting the world’s second-largest economy.
Before the NPC’s opening session, economists had mostly expected an acceleration in growth to more than 5% due in large part to the faster-than-expected exit from “zero Covid” and a rebound in domestic consumption. A Reuterspublished Thursday said the government was even considering lifting its 2023 GDP target to as high as 6%, as officials sought to boost market and consumer confidence.
To further bolster growth and shore up market confidence, Li said China would support the development of platform companies, deepen reform of state-owned enterprises and encourage the private sector to become bigger and stronger.
Not happening if China gives weapons to Russia.